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rick: the senate reaching a deal overnight to avert the fiscal cliff. so who are the winners and who are the losers? a fair and balanced debate on that. >> it's not something that any of us would say, oh, i love it. i don't love it, but i think it is a very good job of negotiating where there are some wins and some losses. new prilosec otc wildberry is the same frequent heartburn treatment as plosec otc. now with a fancy coating that gives you a burst of wildberry flavor. now why make a flavored heartburn pill? because this is america. and we don't just make things you want, we make things you didn't even know you wanted. like a spoon fork. spray cheese. and jeans made out of sweatpants. so grab yourself some new prilosec otc wildberry. [ male announcer one pill each morning. 2hours. zero heartburn. satisfaion guaranteed or your money back. heather: welcome back and happy new year. thousands of people welcoming in 2013 in key west, florida, with the drop of a shoe. take a look at this. have you heard about this tradition? the annual drag queen drop, yea
rick: the senate reaching a deal overnight to avert the fiscal cliff. so who are the winners and who are the losers? a fair and balanced debate on that. >> it's not something that any of us would say, oh, i love it. i don't love it, but i think it is a very good job of negotiating where there are some wins and some losses. new prilosec otc wildberry is the same frequent heartburn treatment as plosec otc. now with a fancy coating that gives you a burst of wildberry flavor. now why make a...
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we're waiting for the house of representatives to vote on a fiscal cliff deal that the senate passed early this morning. they have been in a conference meeting a little less than an hour. speaker boehner, majority leader eric cantor walking into that meeting. still waiting to hear how it is going. even before the meeting was called, cantor and other top republicans were saying they won't support the bill. the fate here is really uncertain. rich edson is live on capitol hill keeping track of this for us. rich, is there any word what specifically they're discussing in this meeting and whether or not they're making any progress? >> well, diane, the point here is whether or not to amend this bill, to change this bill or bring this bill, the proposal that passed the senate last evening up to the house floor to a vote. this is a decision that house republicans will have to make fairly soon here. they're getting pressure from a number of different folks, especially democrats who say, basically pressure them to hold a vote on it. >> we don't believe that compromise is a dirty word and unfort
we're waiting for the house of representatives to vote on a fiscal cliff deal that the senate passed early this morning. they have been in a conference meeting a little less than an hour. speaker boehner, majority leader eric cantor walking into that meeting. still waiting to hear how it is going. even before the meeting was called, cantor and other top republicans were saying they won't support the bill. the fate here is really uncertain. rich edson is live on capitol hill keeping track of...
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Dec 27, 2012
12/12
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there will be a deal to, quote, avert the fiscal cliff. your viewers should demand more than a deal, they should demand a solution. >> do you think it's the right idea to cave in if really the republicans do not believe this is the right thing for the best interests of the country, to go ahead and agree to having more expenditures, to not cutting any of these entitlements. this reckless spending has to come to an end at some points. we have the future and the children to think of. >> so much for a balanced approach. the bammed approach as near as i can do do exactly what i want exactly what when i want you to do it. but the reality is the house democrats will could be he -- gt enough involvements my vote will not one of them and the group of conservatives i run with will not be among the votes that vote for the so-called deal. but it will pass and we will be arguably further from a solution than we were this time last year. >> so you think a temporary fix is going to come to pass but ultimately, like you said, you and several of your colle
there will be a deal to, quote, avert the fiscal cliff. your viewers should demand more than a deal, they should demand a solution. >> do you think it's the right idea to cave in if really the republicans do not believe this is the right thing for the best interests of the country, to go ahead and agree to having more expenditures, to not cutting any of these entitlements. this reckless spending has to come to an end at some points. we have the future and the children to think of....
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Jan 1, 2013
01/13
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on thist your take fiscal cliff deal. david in louisiana, republican caller. caller: i feel this bill is not really accomplishing anything. if we keep ignoring what we are doing with the tax dollars, iciest of money going to refuse -- i see this money going to a very few states and individuals. it is not stimulating manufacturing here. we are buying chinese solar panels and trying to offset that by putting tariffs on imports. it is a big joke. i'm not speaking just on the federal approval. that is just one example. we've got to have oversight and planning. we've got to do something that will not have long-range negative impacts. we've got to control spending. it is not a democrat or republican gain. we have to be realistic about what we are spending our money on. host: marla in missouri. go ahead. caller: a couple of things. the last few callers are right. it is not a democrat or republican. it is the whole cabinet. the thing that gets me is that ronald reagan did are all the money from social security. i am one of those people. i'm also on social security now
on thist your take fiscal cliff deal. david in louisiana, republican caller. caller: i feel this bill is not really accomplishing anything. if we keep ignoring what we are doing with the tax dollars, iciest of money going to refuse -- i see this money going to a very few states and individuals. it is not stimulating manufacturing here. we are buying chinese solar panels and trying to offset that by putting tariffs on imports. it is a big joke. i'm not speaking just on the federal approval. that...
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Dec 28, 2012
12/12
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FBC
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stuart: in the absence of the likelihood of a fiscal cliff deal the dow is down 88 points sitting right at 13,000. we're tired of talking about the negotiations and the political in-fighting on the fiscal cliff issue. we want to know what happens to our money if we go flat-out over it. which seems likely. joining us is a certified financial planner and he's got the numbers for us. go through this one at a time. go flat out, a cliff dive, what happens to the income taxes i pay? >> number one on income taxes, six brackets,10%, 35%. now five brackets, 15% to 39.%. everybody to currently pays federal income tax will come january pay more. >> pay more tax absolutely. stuart: next one, estate taxes. >> probably one of most unfair taxes there are, but estate taxes are going up. currently 35%, going up as high as 55%, but that's not the only problem. you have exemption amounts that in 2012 were 5 million dollars a person. portability meant that you could have portable, if your spouse died 10 million exemption, going to 1 million dollar exemption, no portability. stuart: hold on now, that's drac
stuart: in the absence of the likelihood of a fiscal cliff deal the dow is down 88 points sitting right at 13,000. we're tired of talking about the negotiations and the political in-fighting on the fiscal cliff issue. we want to know what happens to our money if we go flat-out over it. which seems likely. joining us is a certified financial planner and he's got the numbers for us. go through this one at a time. go flat out, a cliff dive, what happens to the income taxes i pay? >> number...
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Dec 31, 2012
12/12
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this means if a debt ceiling deal is not included any fiscal cliff deal, and it is not likely to be. gregg: then this debt mess continues for a few months. and we've still got to argue that out in congress between congress and the president. heather: geithner said last thursday, he called them, trort nary measures would have to be taken to borrow money. >> yep. heather: breaking news in europe on the big 75% tax rate that the french wanted to pass for the rich. >> the breaking news that a french court said a 75% tax rate on individuals is unfair. so it has been rejected. the court court says unless you apply it to households it is not fair to single out individuals. that means 75% tax at this moment is not in effect. the french government and francois hollande says, it won't make any difference. we'll rewrite the law using new wording and we'll catch more people in the 75% tax rate net. heather: stuart varney, i know you have a lot of work to do today. it is a busy day financially. thank you. >> thank you. gregg: what will it mean if lawmakers fail to strike a deal? according to the
this means if a debt ceiling deal is not included any fiscal cliff deal, and it is not likely to be. gregg: then this debt mess continues for a few months. and we've still got to argue that out in congress between congress and the president. heather: geithner said last thursday, he called them, trort nary measures would have to be taken to borrow money. >> yep. heather: breaking news in europe on the big 75% tax rate that the french wanted to pass for the rich. >> the breaking news...
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Dec 27, 2012
12/12
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CNBC
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. >> a deal to avoid the fiscal cliff thought it was a certainty at the beginning of the month. today not so much. senator reid's comments and a dismal report triggering a selloff that a lot of pessimists had expected sooner than today because they didn't think the deal on the cliff would be done. the dow dropping below 13,000 for the first time today sings the beginning of this month. now negative as well for the month of december. trading at a three-week low with all 30 of the dow components in negative territory. with the dow below 13,000 the s&p is notching up its fourth straight loss trading below a 50 day moving average and also hitting a three-week low. if investors are moving out of stocks, where are they moving into? safe haven. a treasury e.t. after saving a bid after investors have a secure place to put their money. gld or gold up. gold seen as a safe haven. so it, too, is benefitting from that rush or flight to quality, flight to safety. and then of course on the heels of very modest gains in the metal itself, gold, there is strength in gold stocks as well today. the
. >> a deal to avoid the fiscal cliff thought it was a certainty at the beginning of the month. today not so much. senator reid's comments and a dismal report triggering a selloff that a lot of pessimists had expected sooner than today because they didn't think the deal on the cliff would be done. the dow dropping below 13,000 for the first time today sings the beginning of this month. now negative as well for the month of december. trading at a three-week low with all 30 of the dow...
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Dec 31, 2012
12/12
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FBC
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anybody in any authorities says anything about the likelihood or otherwise of a fiscal cliff deal you will see the market react. it happened earlier this morning. there was a report that maybe these talks between mitch mcconnell and vice-president biden were making some progress. on that, up went the futures market to show a gain of 80 points for the dow. we're back to showing a gain of 50 or 70 points. watch for head lines, for leaks, for any sound bites that might appear on any news program anywhere and you will have some kind of market reaction. as we countdown to the end of this fiscal cliff, i'm going to call it a debacle because that's exactly what it is. even if we get a very, very narrow deal, whoop-de-doo, we have a debt ceiling problem and amt taxes, government spending, all of those problems outstanding, nothing done. the dow jones industrial average is not done up for the opening bell, it's down, we're 42 points, 48 points going down as of right now. 50 points lower. what did you give, what did you get for christmas this year? chances are, a computer tablet maybe? accordin
anybody in any authorities says anything about the likelihood or otherwise of a fiscal cliff deal you will see the market react. it happened earlier this morning. there was a report that maybe these talks between mitch mcconnell and vice-president biden were making some progress. on that, up went the futures market to show a gain of 80 points for the dow. we're back to showing a gain of 50 or 70 points. watch for head lines, for leaks, for any sound bites that might appear on any news program...
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Dec 29, 2012
12/12
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how are they dealing or how are they responding to the fiscal cliff talks? >> not well. i mean, it really depends on who you talk to. so many people range from confusion as to what is happening, anger, and some people don't want to deal with it. fiscal cliff, i'll think about that later. i'll think about that in 2013. now is the time to at least be aware of what you may be facing. also for your tax, for example, tax preparers, any cpa's that are out there, they're in sort of a wait and see mode at this time. they can't do a lot until they know what they're dealing with. and, in fact, what congress does and makes its move. so if you're looking forward to having that tax refund on time, if that's money that you look forward to every single year, you might want to plan for something different because there could be delays on the scene. it just depends on what happens. everybody is waiting to see what congress does before they can go through their process. >> heather: hopefully they will do something. thank you. carolyn castleberry. we appreciate you joining us. good friend
how are they dealing or how are they responding to the fiscal cliff talks? >> not well. i mean, it really depends on who you talk to. so many people range from confusion as to what is happening, anger, and some people don't want to deal with it. fiscal cliff, i'll think about that later. i'll think about that in 2013. now is the time to at least be aware of what you may be facing. also for your tax, for example, tax preparers, any cpa's that are out there, they're in sort of a wait and...
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Dec 28, 2012
12/12
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jeff: he thinks you and i are crazy for making too much of a deal out of the fiscal cliff. this ceo says the fiscal cliff has a bunch of outside noise. we will have his story of the fiscal cliff when we come back. ♪ ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves.. futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. >> im adam schapiro with your fox business brief. general dynamics have been asked to build u.s. submarines for the u.s. navy. it is worth $400 billion. the money has already been securee. barge companies fear falling water levels on the mississippi river could halt commerce as early as next week. the coast guard says it is confident that the waterway will remain open. a new report says champagne sales in france are down nearly 5% from last year. despite the weak sales, france still consumed the most to give more than 170 million bottles in the last year alon
jeff: he thinks you and i are crazy for making too much of a deal out of the fiscal cliff. this ceo says the fiscal cliff has a bunch of outside noise. we will have his story of the fiscal cliff when we come back. ♪ ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves.. futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on...
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Dec 27, 2012
12/12
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. >> kelly: we've been talk being the fiscal cliff and getting a deal, the president is coming back and the senate is coming back. the house is not. house speaker john boehner staying in ohio. he says some contact, but communication is no substitute for senate action. it's all in the senate. >> juliet: all righty. log on to our web site for our after the show show because we're going to be giving you lots of gossip and secrets that you don't hear. >> kelly: really? >> juliet: yeah. >> clayton: that's news. i'll make sure i'm there. gregg: fox news alert. millions at the mercy of mother nature this morning after a massive storms slams the northeast bringing snow, rain, high winds, icy road conditions. more than 50 flights have been canceled today following the grounding of more than 1700 the day before. coming up in minutes we'll go live to anna kooiman live in scranton, pennsylvania where folks are trying to dig out from more than a foot of snow. but first, bad weather making be delaying lawmakers plans to get back to the negotiating table in washington, d.c. good morning, i'm gregg jar
. >> kelly: we've been talk being the fiscal cliff and getting a deal, the president is coming back and the senate is coming back. the house is not. house speaker john boehner staying in ohio. he says some contact, but communication is no substitute for senate action. it's all in the senate. >> juliet: all righty. log on to our web site for our after the show show because we're going to be giving you lots of gossip and secrets that you don't hear. >> kelly: really? >>...
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Dec 30, 2012
12/12
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president obama is stepping up public pressure on republicans to got a fiscal cliff deal done. he'll appear on "meet the press" sunday as senate convenes to work on a possible deal with a possible vote monday. >>> an airliner off the runway at airport in russia, there were eight crew members aboard and no passengers. there was light snow at the time of the crash. >>> more news later. back to "lockup." >>> due to mature subject matter, viewer discretion is advised. >>> during our stay at the penitentiary of new mexico, our producer conducted an interview with a serial rapist, who would soon be completing his prison term and returning to society. the inmate agreed to the interview on the condition of anonymity. what he had to say is disturbing, but provides a rare insight into the mind of a serial rapist. >> after performing the rapes, the physical rapes, i would literally scare these women to death. what i would do is go into a victim's purse, i would find address books, i would take their driver's license out of their purse. and i would say, okay, now i know where you live. i k
president obama is stepping up public pressure on republicans to got a fiscal cliff deal done. he'll appear on "meet the press" sunday as senate convenes to work on a possible deal with a possible vote monday. >>> an airliner off the runway at airport in russia, there were eight crew members aboard and no passengers. there was light snow at the time of the crash. >>> more news later. back to "lockup." >>> due to mature subject matter, viewer...
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Dec 27, 2012
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still ahead what is preventing lawmakers from reaching a deal on the fiscal cliff? can a deal get done at this point? congressman peter welch will join us with insight at 11 a.m. suddenly, she does something unexpected and you see the woman you fell in love with. she's everything to you. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, seek immediate medical help for an erection lasting more than fo
still ahead what is preventing lawmakers from reaching a deal on the fiscal cliff? can a deal get done at this point? congressman peter welch will join us with insight at 11 a.m. suddenly, she does something unexpected and you see the woman you fell in love with. she's everything to you. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and...
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Dec 24, 2012
12/12
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FBC
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was no movement toward a fiscal cliff deal more in the action in the house or senate. the responsibility now to avoid massive taxes and draconian spending cuts resting squarely on the president. fox news chief white house correspondent ed henry with our report. >> just as our economy is really starting to recover and starting to see optimisticsigns and we have seen actually some upside to from a whole range of areas, including two from including housing, now is not the time for more self-inflicted wounds , seven not the estimate from washington. lou: president obama's top advisers were quick to dump on the speaker come -- declaring he is backed into a corner. >> they wet from plan b to plan seal later. the fact that they could not even plan -- pass that was an embarrassment. >> in private the president's advisers admit they are bit more apprehensive firmly believing mr. obama has the upper end of the public. if the market takes the hit to the commander-in-chief we will still face his share of heat for washington this function to may point republicans are hammering. >>
was no movement toward a fiscal cliff deal more in the action in the house or senate. the responsibility now to avoid massive taxes and draconian spending cuts resting squarely on the president. fox news chief white house correspondent ed henry with our report. >> just as our economy is really starting to recover and starting to see optimisticsigns and we have seen actually some upside to from a whole range of areas, including two from including housing, now is not the time for more...
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Dec 28, 2012
12/12
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we have passed a bill to deal with the fiscal cliff. harry reid is becoming the ultimate cliff diver here by saying we're not going to even let our house, the senate house function. we're going to dive off the cliff and blame the republicans at every ledge down the way. gregg: cliff diving a new political sport. and senator lindsey graham also speaking out suggesting that he doubts that anything will get done during today's last-minute washington meeting. take a listen. >> anytime you announce a meeting publicly in washington it usually for political theater purposes. nothing good ever cops from it. there is one then you have to do in politics. if a president meets with a foreign leader you want to make sure you know what will happen at the meeting. when the president calls congressional leaders to the white house it is all political theater or they have a deal. my bet it is all political theater. gregg: senator graham warned he thinks our nation will go over the cliff and president's offer to fix it does nothing other than, quote, this
we have passed a bill to deal with the fiscal cliff. harry reid is becoming the ultimate cliff diver here by saying we're not going to even let our house, the senate house function. we're going to dive off the cliff and blame the republicans at every ledge down the way. gregg: cliff diving a new political sport. and senator lindsey graham also speaking out suggesting that he doubts that anything will get done during today's last-minute washington meeting. take a listen. >> anytime you...
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Dec 27, 2012
12/12
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nothing going over the fiscal cliff. let the tax cut expire. come back in, offer the tax cuts for people under 250. call them obama cuts and get it going. if you are in congress. you make $175,000 a year. you get vacation days off. they go back and smoke cigars, eat steak, drink wine and laugh. >> andrea: is there something wrong with eating and drinking? if with pay them to do it. >> eric: they want to hit the buffet line. >> andrea: do it on their own time. not when the country is in a financial crisis. i think obama gets a superhero cape after this. >> andrea: people say republican goes down either way on this. but the house and the senate, this last election by blaming republicans. does he think he will get blamed for this? no. he figures i can do whatever i want. leave the republicans out for dead. >> eric: he is winning the messaging game. that is clear. >> andrea: i say that with confidence. he was able to say look, i was willing to meet them halfway. more than 50%. they don't want to work with us together. he is coming off strong, comin
nothing going over the fiscal cliff. let the tax cut expire. come back in, offer the tax cuts for people under 250. call them obama cuts and get it going. if you are in congress. you make $175,000 a year. you get vacation days off. they go back and smoke cigars, eat steak, drink wine and laugh. >> andrea: is there something wrong with eating and drinking? if with pay them to do it. >> eric: they want to hit the buffet line. >> andrea: do it on their own time. not when the...
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Dec 29, 2012
12/12
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WTTG
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together, before the new year to avoid some of the tax parts of the fiscal cliff and to deal with some of the unexcept issues. >> reporter: that package first unveiled by the president last friday before left for hawaii is a slimmed down bill that would focus on three key areas, keeping tax cuts only for those making $250,000 a year or less, extending unemployment benefits and with the clock ticking it would delay dramatic spending cut until later next year. >> i've asked leaders of congress to work towards a package that prevents a tax hike on middle class americans, protects unemployment insurance for 2 million americans, and lays the groundwork for further work on both growth and deficit reduction. that's an achievable goal. >> reporter: after the meeting the president came into the briefing room and told reporters constructive but added he was only modestly optimistic that a deal can be reached by the deadline, a sign that there's a very real possibility we're going off the fiscal cliff. at the white house ed henry, fox news. >>> to the edge in virginia now, a spokesperson for idah
together, before the new year to avoid some of the tax parts of the fiscal cliff and to deal with some of the unexcept issues. >> reporter: that package first unveiled by the president last friday before left for hawaii is a slimmed down bill that would focus on three key areas, keeping tax cuts only for those making $250,000 a year or less, extending unemployment benefits and with the clock ticking it would delay dramatic spending cut until later next year. >> i've asked leaders of...
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Jan 1, 2013
01/13
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CSPAN
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house conservatives threatened to kill fiscal cliff deal. that is the headline on this article. house republicans are in conference. we're hoping the leadership will come out afterward. if they do, we will bring you that press conference. in this article, it says that less than 12 hours after senate majority leader mitchell and a a -- senate minority leader mitch mcconnell marshaled the votes, the deal appealed squash by a revolt led by eric cantor. although his remarks were brief, they sent shock waves through his conference, which was already extremely skeptical of the agreement, and perhaps looking for a leader. conservative opposition to the agreement stems from a host of issues, including that the deal does not include any spending cuts, would significantly add to the deficit and raise taxes on those making more than $400,000 a year. while the republicans were meeting earlier today, the congressional budget office came out with its scoring of the bill passed by the senate. another four dollars trillion in deficit spending is what they scored its ad for the next nine years,
house conservatives threatened to kill fiscal cliff deal. that is the headline on this article. house republicans are in conference. we're hoping the leadership will come out afterward. if they do, we will bring you that press conference. in this article, it says that less than 12 hours after senate majority leader mitchell and a a -- senate minority leader mitch mcconnell marshaled the votes, the deal appealed squash by a revolt led by eric cantor. although his remarks were brief, they sent...
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Dec 30, 2012
12/12
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CSPAN
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part of the fiscal cliff deal is that there are heavy pentagon cuts in the sequester. the budget is the reason i think president obama would like to have leon panetta told on for a least another year. he is an experienced public official. he was budget director at one time. he has good relations on capitol hill, particularly with republicans. i think the administration would just as soon see him hang in there. he is at the age where he may want to return to california. host: stevens writes in on twitter that he would like to see howard dean offered a position. is there any talk about the howard dean appointment? guest: they do appreciate the job he did during the 2008 election for the party. i have not heard his name. talking with david jackson from "usa today." he also worked at "dallas morning news." i want to go to diane from arizona on the democratic line. caller: is there any possibility ben bernanke and tim geithner could both be replaced? from what i have read, they both have a background or some dealings with the basics and will street. my impression is they ar
part of the fiscal cliff deal is that there are heavy pentagon cuts in the sequester. the budget is the reason i think president obama would like to have leon panetta told on for a least another year. he is an experienced public official. he was budget director at one time. he has good relations on capitol hill, particularly with republicans. i think the administration would just as soon see him hang in there. he is at the age where he may want to return to california. host: stevens writes in...
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Dec 29, 2012
12/12
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we are talking about senate negotiating the fiscal cliff deal. the work they're still trying to get done. the first call comes from lee in florida. caller: i tried to call in yesterday, but everybody was concerned about this matter. let me give you a website that i have been e-mail in over 400 people. it is the website -- you go to search "cause of war." this is the biggest cover up by all of the politicians of their in washington, d.c., including both bushes and of mr. obama. host: and what does this have to do with the senate negotiating a fiscal of deal? caller: let me tell you something. if you go to the website listed on the left and upper side, united states -- each tax coming out of each state is going towards the or. -- war. i believe all of these politicians, mayors, governors should take a half cut pay to pay down the deficit. host: we are going to move on to darwin on the line for independents. caller: it is like the pentelikon, back in 1968 i was even fighting with the pentagon over budgets. you always had to have everything kept the
we are talking about senate negotiating the fiscal cliff deal. the work they're still trying to get done. the first call comes from lee in florida. caller: i tried to call in yesterday, but everybody was concerned about this matter. let me give you a website that i have been e-mail in over 400 people. it is the website -- you go to search "cause of war." this is the biggest cover up by all of the politicians of their in washington, d.c., including both bushes and of mr. obama. host:...
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Dec 27, 2012
12/12
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heather: more and more people are saying this fiscal cliff deal isn't going to happen pause the two sides are too far apart and there simply isn't enough time yet. mark, i will begin with you, what happens if we go over the cliff? what will americans experience? >> well i think we are going to go over the cliff. quite frankly i think it is a good thing the prospects of getting a deal after january 1 are significantly higher and that is for three reasons. first now president obama has all the leverage. after january 1st the leverage shifts to the gop. because president obama perfectly going over the fiscal cliff to blame republicans because he can't default on the debt. he will have to compromise between now and february. second of all the baseline gets reset if the tax cuts expire. everybody will propose a tax cut in january and right now we're fighting whether to increase taxes or not. you can see possibility of a deal seen as win-win for both sides. third, if republicans don't come up with a deal, a bad deal right now, they still have the $800 billion in revenue they put on the table fr
heather: more and more people are saying this fiscal cliff deal isn't going to happen pause the two sides are too far apart and there simply isn't enough time yet. mark, i will begin with you, what happens if we go over the cliff? what will americans experience? >> well i think we are going to go over the cliff. quite frankly i think it is a good thing the prospects of getting a deal after january 1 are significantly higher and that is for three reasons. first now president obama has all...
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none of which deal with the fiscal cliff. they deal with honoring the last surviving world war i veteran who died last year dealing with drywall safety and things. and there will be a couple meetings again democrats in one room and republicans in the other, and they will try to see if the republican leaders and the democratic leaders have produced if they can possibly sell this to the house of representatives. historically that has been a hard, hard sell. >> you know, you have been keeping us uh prized all morning and all afternoon and in the evening with your e-mails and your blog. one of the things you pointed out today is that it is not necessarily that line of taxes. no one above or below a certain point. but it is the spending cuts that are really the target, that are really the sticking point. why is that? >> that's always the hardest part. back to the 1980s when the deficits have started to explode, there have been four or five pieces of legislation over the past 30 years dating back to hollings that was the first sequ
none of which deal with the fiscal cliff. they deal with honoring the last surviving world war i veteran who died last year dealing with drywall safety and things. and there will be a couple meetings again democrats in one room and republicans in the other, and they will try to see if the republican leaders and the democratic leaders have produced if they can possibly sell this to the house of representatives. historically that has been a hard, hard sell. >> you know, you have been...
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Dec 26, 2012
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gerri: president obama is in washington negotiating a deal to revert the fiscal cliff. the first time and there are 500 billion in tax hikes coming your way. december 31. grover norquist from the president of americans for tax reform are warning that that is only the start of our problem. >> in addition to the bush tax cuts, 500 billion-dollar tax increases, a trillion dollars in obamacare taxes, all the taxes to pay for that free health care we are supposed to get. 90% of the tax increases to pay for obamacare were conveniently postponed until after obama got himself safely reelected. they begin to hit january 1 of this coming year. they are unpleasant. gerri: absolutely unpleasant. it is a disincentive to invest into work. i don't know what people are going to do down the road. now it seems that people are saying it's up to the senate. it's in the senate ballpark now to do something and to get some kind of bill. will they do anything at all? >> all the focus has been on president obama and the house of representatives. the leader, speaker boehner. some of us went to p
gerri: president obama is in washington negotiating a deal to revert the fiscal cliff. the first time and there are 500 billion in tax hikes coming your way. december 31. grover norquist from the president of americans for tax reform are warning that that is only the start of our problem. >> in addition to the bush tax cuts, 500 billion-dollar tax increases, a trillion dollars in obamacare taxes, all the taxes to pay for that free health care we are supposed to get. 90% of the tax...
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. >> and who is going to be blamed if washington doesn't make a deal on the fiscal cliff? we are going to debate that plus, france says no to high taxes on the rich. could the united states learn something from that? we'll analyze that when we come back. ♪ need not wonder why ♪ ♪ no tim ♪ ♪ you're a heartbreaker, dream maker ♪ >> welcome back to a sunday prime time edition of "the five." and as the clock ticks down and going over the so-called fiscal cliff. no deal he yet, but there is some finger pointing going on. >> i'm concerned about the lack of urgency here. i think we all know we're running out of time. this is far too much at stake for political gamesmanship. we need to protect the american families and businesses from this looming tax hike. everyone agrees that that option is necessary. >> i will say this, i think that the republican leader has shown absolutely good faith, but it's just that we're apart on some pretty big issues. >> and senator reid-- >> this has been a blame game from the very, very beginning and dana, we saw today president obama tak
. >> and who is going to be blamed if washington doesn't make a deal on the fiscal cliff? we are going to debate that plus, france says no to high taxes on the rich. could the united states learn something from that? we'll analyze that when we come back. ♪ need not wonder why ♪ ♪ no tim ♪ ♪ you're a heartbreaker, dream maker ♪ >> welcome back to a sunday prime time edition of "the five." and as the clock ticks down and going over the so-called fiscal cliff. no...
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none of which deal with the fiscal cliff. they deal with honoring the last surviving world war i veteran who died last year dealing with drywall safety and things. and there will be a couple meetings again democrats in one room and republicans in the other, and they will try to see if the republican leaders and the democratic leaders have produced if they can possibly sell this to the house of representatives. historically that has been a hard, hard sell. >> you know, you have been keeping us uh prized all morning and all afternoon and in the evening with your e-mails and your blog. one of the things you pointed out today is that it is not necessarily that line of taxes. no one above or below a certain point. but it is the spending cuts that are really the target, that are really the sticking point. why is that? >> that's always the hardest part. back to the 1980s when the deficits have started to explode, there have been four or five pieces of legislation over the past 30 years dating back to hollings that was the first sequ
none of which deal with the fiscal cliff. they deal with honoring the last surviving world war i veteran who died last year dealing with drywall safety and things. and there will be a couple meetings again democrats in one room and republicans in the other, and they will try to see if the republican leaders and the democratic leaders have produced if they can possibly sell this to the house of representatives. historically that has been a hard, hard sell. >> you know, you have been...
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Dec 28, 2012
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"lock them up until they deal." we will continue our conversation on the fiscal cliff. damian paletta will be joining us from "the wall street journal" as negotiations resumed at 3:00 p.m. today at the white house. later, randal o'toole with the cato institute. he has a new book and will be joining us at 8:30. "washington journal" continues on this friday morning. we're back in a moment. [video clip] >> there are cynics who say that a party platform is something that no one bothers to read and it does not very often amount to much. whether it is different this time than it has ever been before, i believe the republican party has a platform that is a banner of bold, unmistakable colors with no pale pastel shades. [cheers and applause] >> the 1976 campaign is interesting because you see the evolution of reagan, his mind, his philosophy as a politician. he talks in this speech about hope and about the future and a future without nuclear weapons and an america free without nuclear weapons being aimed at them but it's a more progressive, it's a more optimistic view of the wo
"lock them up until they deal." we will continue our conversation on the fiscal cliff. damian paletta will be joining us from "the wall street journal" as negotiations resumed at 3:00 p.m. today at the white house. later, randal o'toole with the cato institute. he has a new book and will be joining us at 8:30. "washington journal" continues on this friday morning. we're back in a moment. [video clip] >> there are cynics who say that a party platform is...
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the looming fiscal cliff. aides for both parties now saying a partial agreement or patch probably the most that we can be expecting before january 1. >> i think we're dealing now with whether or not we can put off the -- the increase in tax rates. that's really all we can deal with now. >> the next session of the senate is now set for tomorrow. the house has nothing on its schedule for this week. members have been told they could be called back within 48 hours' notice. meantime, and this i guess is also the big news, the white house saying the president's going to be flying back from vacation in hawaii today. a lot of people making something of that. i don't know what it means ultimately. >> well, one thing it means -- >> a show of something. >> if i had to get back from hawaii at a minute's notice, you know what it would be. the president will have an easier time of it, i think. right? >> i noticed a couple of news reports saying the cost of the last-minute flight is about $250 -- >> he's the president, he's
the looming fiscal cliff. aides for both parties now saying a partial agreement or patch probably the most that we can be expecting before january 1. >> i think we're dealing now with whether or not we can put off the -- the increase in tax rates. that's really all we can deal with now. >> the next session of the senate is now set for tomorrow. the house has nothing on its schedule for this week. members have been told they could be called back within 48 hours' notice. meantime, and...
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fiscal cliff talks are taking republicans and democrats to take the arguments on the road. why do they think that will help make a deal? the "a-team" is here. ♪ lou: joining me, lou: joining me now, the "a-team," legal analyst and former clinton advisor, fox newv contributor.ke good to have you all here. have to start with you on this republican recess, as we start to figure what is going on with republicangu party. it seems stephen hayes and a fet other folks are saying they did a great job in her standing up for them it i'm not saying anything, just asking questions this is a status quo position of the republican party? >> the rank and file out across history -- lou: who is it? >> look, i need a little bit ofk new blood. we do very, very well as we win the government raises and the midterm.e m lou: let me ask a democrat. >> have to find the talent bring them to do washington. lou: no names and don't mess it up too much. does that wor it work the same r the democrats? >> absolutely because republicans have won five of the last six elections. the never miss an opportunity
fiscal cliff talks are taking republicans and democrats to take the arguments on the road. why do they think that will help make a deal? the "a-team" is here. ♪ lou: joining me, lou: joining me now, the "a-team," legal analyst and former clinton advisor, fox newv contributor.ke good to have you all here. have to start with you on this republican recess, as we start to figure what is going on with republicangu party. it seems stephen hayes and a fet other folks are saying...
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fiscal cliff talks are taking republicans and democrats to take the arguments on the road. why do they think that will help make a deal? make a deal? the "a-team" is the capital one cash rewards card gives you 1% cash back on all purchases, plus a 50% annual bonus. and everyone...but her likes 50% more cash. but i'm upping my game. do you want a candy cane? yes! do you want the puppy? yes! do you want a tricycle? yes! do you want 50 percent more cash? no! ♪ festive. [ male announcer ] the capital one cash rewards card gives you 1% cash back on every purchase plus a 50% annual bonus on the cash you earn. it's the card for people who like more cash. what's in your wallet? it's the card for people who like more cash. i played a round of golf.id in the last five hours? then i read a book while teaching myself how to play guitar; ran ten miles while knitting myself a sweater; jumped out of a plane. finally, i became a ping pong master while recording my debut album. how you ask? with 5-hour energy. i get hours of energy now -- no crash later. wait to see the next five hours. -
fiscal cliff talks are taking republicans and democrats to take the arguments on the road. why do they think that will help make a deal? make a deal? the "a-team" is the capital one cash rewards card gives you 1% cash back on all purchases, plus a 50% annual bonus. and everyone...but her likes 50% more cash. but i'm upping my game. do you want a candy cane? yes! do you want the puppy? yes! do you want a tricycle? yes! do you want 50 percent more cash? no! ♪ festive. [ male announcer...
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losing ground for negotiation on deal for fiscal cliff so no surprise they are using hope for the future. "washington post"/abc news poll says 72% of the g.o.p. is fearful about what lies ahead in 2013. all right, so let's take a look at the 72% of republicans say they are very fearful, which is up by double digits than what they were i guess under president bush. so greg, are republicans more grounded in reason, they see the future as nail biter? >> greg: conservatives are vampire killers. liberals hate the vampire killers. so the republicans are terrified that the government is expanding. the vampires are hopeful. >> andrea: have you been watching "twilights >> greg: i have been home with the flu watching vampire movies. >> andrea: noah's neighbors were hopeful for the future, too. >> kimberly: they're hopeful because the guys got in. they are entitlement dancing over their head. i would be in a good mood, too. people who are realistics that earn a living and pull out the wallet to pay for stuff. you got worries. look at the numbers for holiday shopping. worst in four years. what does
losing ground for negotiation on deal for fiscal cliff so no surprise they are using hope for the future. "washington post"/abc news poll says 72% of the g.o.p. is fearful about what lies ahead in 2013. all right, so let's take a look at the 72% of republicans say they are very fearful, which is up by double digits than what they were i guess under president bush. so greg, are republicans more grounded in reason, they see the future as nail biter? >> greg: conservatives are...
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fiscal cliff deal. meantime, treasury warns the government will hit its legal borrowing limit by monday. it's thursday, december 27th, 2012 and "squawk box" begins right now. >>> good morning and welcome to "squawk box" here on cnbc. i'm andrew ross sorkin along with joe kernen. becky continues to have the day off today. our guest host today is bob broska. house speaker john boehner urging the senate to come up with a passable fiscal cliff solution. he's promising to at least consider any bill that the upper chamber produces. senate majority leader harry reid now expected to base any legislation on a bill passed earlier this year to continue tax breaks for households will incomes below $250,000. a senate bill would likely contain an extension of expiring unemployment benefits. and the other big news of the morning, treasury secretary tim geithner unveiling a plan to buy time under the debt ceiling. in a letter to congress, geithner saying that treasury is going to begin taking steps this week to delay h
fiscal cliff deal. meantime, treasury warns the government will hit its legal borrowing limit by monday. it's thursday, december 27th, 2012 and "squawk box" begins right now. >>> good morning and welcome to "squawk box" here on cnbc. i'm andrew ross sorkin along with joe kernen. becky continues to have the day off today. our guest host today is bob broska. house speaker john boehner urging the senate to come up with a passable fiscal cliff solution. he's promising...
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Dec 31, 2012
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because no deal to avoid a fiscal cliff there is major uncertainty . investors are embracing for trading. dow plunge would 158 points on friday. it was the longest state of losses since july. there is a sell off over seas today to lock in profits. >> another major health scare for secretary of state hillary clinton. >> she was supposed to be back on the job this week. she is instead waking up in new york city hospital new york presbyterian. a blood clot in a follow-up exam. she was forced to cancel the hearing. lawmakers said a hillary clinton must testify before a vote can happen with senator john kerry. nine people are killed and two doysen are injured when a bus crashed off a highway. the bus was driving through a mountain pass. the bus plummled 200 feet down the slope. >> famous ball drop in sometimes square. beefing up security and thousands of extra chromes scattered in the crowd. trust me they are e top of unifs there will be bomb sniffing dogs commissioner ray kelly will said times square will be the safest place on new york's eve. >> you can s
because no deal to avoid a fiscal cliff there is major uncertainty . investors are embracing for trading. dow plunge would 158 points on friday. it was the longest state of losses since july. there is a sell off over seas today to lock in profits. >> another major health scare for secretary of state hillary clinton. >> she was supposed to be back on the job this week. she is instead waking up in new york city hospital new york presbyterian. a blood clot in a follow-up exam. she was...
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president obama meets with lawmakers in hopes of a last minute deal to avoid the fiscal cliff. 11 news saturday morning starts right now. >> good morning and welcome to 11 news saturday morning. i'm jennifer franciotti. lisa has the weekend off. >> i'm barry sims. third time's a charm this week with the winter weather. a snowy day is on tap for us. let's get right to lou mowser to tell us all about it. >> some folks were expecting to see some snow when they woke up this morning. >> we were expecting it. >> some areas are seeing flurries right now. most are not. i think this is going to start a little bit later on them than what we anticipated. starting to show up on radar. let's show hd doppler right now. currently, the areas that you see in darker blue, that's where snow is falling. but, the whiter areas that's snow is coming down, but it's not hitting the ground. when you can see areas south of the dc area around annapolis. we're seeing a rain/snow mix that is starting to fall there. what's interesting is you see this area, this open area start to hagers town and comes down around wi
president obama meets with lawmakers in hopes of a last minute deal to avoid the fiscal cliff. 11 news saturday morning starts right now. >> good morning and welcome to 11 news saturday morning. i'm jennifer franciotti. lisa has the weekend off. >> i'm barry sims. third time's a charm this week with the winter weather. a snowy day is on tap for us. let's get right to lou mowser to tell us all about it. >> some folks were expecting to see some snow when they woke up this...
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with all these deadlines is dealing with the fiscal cliff now is the same congress that was elected post citizens united the first congress and what you had this unlimited amount of corporate money being spent on it and here's the congress we got out of it i do want to put up because throughout this day we have been following the. story we really thought a deal would be reached so i want to put up some numbers as they were a couple hours ago just so people are prepared in the next couple days the potential deal as it was discussed would bring in about six hundred billion dollars in revenue taxes would be increased by nearly forty percent on individuals earning four hundred thousand dollars or more per year and for families earning four hundred fifty thousand dollars or more the earned income tax credit the child tax credit and the college tax credit would be extended for another five years the estate tax would be raised to forty percent for properties worth more than five million dollars and the deal would extend unemployment benefits for another year and finally the capital gains t
with all these deadlines is dealing with the fiscal cliff now is the same congress that was elected post citizens united the first congress and what you had this unlimited amount of corporate money being spent on it and here's the congress we got out of it i do want to put up because throughout this day we have been following the. story we really thought a deal would be reached so i want to put up some numbers as they were a couple hours ago just so people are prepared in the next couple days...
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with all these deadlines is dealing with the fiscal cliff now is the same congress that was elected post citizens united the first congress and what you had this unlimited amount of corporate money being spent it and here's the congress we got out of it i do want to put up because throughout this day we have been following this story we really thought a deal would be reached so i want to put up some numbers as they were a couple hours ago just so people are prepared in the next couple days the potential deal as it was discussed would bring in about six hundred billion dollars in revenue taxes would be increased by nearly forty percent on individuals earning four hundred thousand dollars or more per year and for families earning four hundred fifty thousand dollars or more the earned income tax credit the child tax credit and the college tax credit would be extended for another five years the estate tax would be raised to forty percent for properties worth more than five million dollars and the deal would extend unemployment benefits for another year and finally the capital gains tax
with all these deadlines is dealing with the fiscal cliff now is the same congress that was elected post citizens united the first congress and what you had this unlimited amount of corporate money being spent it and here's the congress we got out of it i do want to put up because throughout this day we have been following this story we really thought a deal would be reached so i want to put up some numbers as they were a couple hours ago just so people are prepared in the next couple days the...
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we begin this morning with a new effort to avoid the fiscal cliff. it's an 11th-hour attempt to reach a deal. but lawmakers are not optimistic. >> wendy gillette is here with the latest. good morning, wendy. >> reporter: good morning, president obama will meet be lawmakers this afternoon. time is running out with no deal in sight. president obama will meet with congressional leaders later today at the white house. but it may be too late for a deal. there's just four days left before the fiscal cliff deadline. >> i have to be very honest, mr. president. i don't know, time-wise, how it can happen now. >> reporter: senate majority leader, harry reid, lashed out at house speaker, john boehner, accusing him of running a dictatorship. >> john boehner seems to care more about his leadership than keeping the country on a secure footing. >> republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. that wouldn't be fair to the american people. >> reporter: president obama
we begin this morning with a new effort to avoid the fiscal cliff. it's an 11th-hour attempt to reach a deal. but lawmakers are not optimistic. >> wendy gillette is here with the latest. good morning, wendy. >> reporter: good morning, president obama will meet be lawmakers this afternoon. time is running out with no deal in sight. president obama will meet with congressional leaders later today at the white house. but it may be too late for a deal. there's just four days left before...
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Jan 1, 2013
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with the fiscal cliff. they emerged from a meeting earlier tonight and spoke briefly with reporters. speaker boehner issued a statement saying they would honor the commitment for a senate agreement if it is passed. a decision will not be made until the house members and the american people have been able to review the legislation. this will probably take longer than anyone thinks. -- everyone thinks. senate democrats next critics -- expect a strong vote. a tax increase for people making more than four audited the thousand dollars a year and individuals making $400,000 a year. an increase in state tax. an extension of unemployment insurance for one year. we will continue to bring you updates here on the c-span network as they become available. >> a lot of people that i know, looking back on the last four years, the program has been a jobs program. how many jobs in your district and your state. the space shuttle passed by one vote. it was passed all around the country. we have people working in different plac
with the fiscal cliff. they emerged from a meeting earlier tonight and spoke briefly with reporters. speaker boehner issued a statement saying they would honor the commitment for a senate agreement if it is passed. a decision will not be made until the house members and the american people have been able to review the legislation. this will probably take longer than anyone thinks. -- everyone thinks. senate democrats next critics -- expect a strong vote. a tax increase for people making more...
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senators will be busy working on a plan to avoid the "fiscal cliff" today. but house gop leaders say they will not return to washington unless the senate passes a bill. with no deal on the horizon, a new poll finds the gop gets the biggest share of the blame for the stalemate. >> both sides here have a problem with the american people and it's why congress has 11% job approval rating. >> even starbucks is getting itchy for an agreement. its employees are writing "come together" on coffee cups to encourage compromise. >>> hawaii's democratic governor will replace daniel inoue to represent the state of hawaii in washington, d.c. inouye died of respiratory complications last week. on the day he died, the late senator wrote to the governor asking for representative colleen hanabusa to replay him. she made it to the final round of considerations but didn't win that nomination. >>> former president george h.w. bush is in intensive care at a houston hospital with a fever and lingering cough. mr. bush was admitted to the hospital more than a month ago with bronchiti
senators will be busy working on a plan to avoid the "fiscal cliff" today. but house gop leaders say they will not return to washington unless the senate passes a bill. with no deal on the horizon, a new poll finds the gop gets the biggest share of the blame for the stalemate. >> both sides here have a problem with the american people and it's why congress has 11% job approval rating. >> even starbucks is getting itchy for an agreement. its employees are writing "come...
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to avert the fiscal cliff with widespread bipartisan support, a vote of 89-8. acting on the fiscal cliff legislation as soon as possible should be our first and most urgent order of business this afternoon. but instead this bill, which is yet another assault on very hardworking middle class american workers, was introduced not very long ago. is this really the way the majority wants to begin the new year? members of congress certainly can do without a pay adjustment. the bill passed by the senate last night to resolve the fiscal cliff already includes a provision freezing members' pay. i want to vote for the package that came out of the senate, assuming it stays in its present form. but federal workers are the backbone of our government. let me say that again. federal workers are the backbone of our government. they are the ones who support our troops in the battlefield. they are the ones who provide care to our veterans. they are the same ones that care -- that bring about curious but dreadful diseases at n.i.h. they are the one that is protect our borders and
to avert the fiscal cliff with widespread bipartisan support, a vote of 89-8. acting on the fiscal cliff legislation as soon as possible should be our first and most urgent order of business this afternoon. but instead this bill, which is yet another assault on very hardworking middle class american workers, was introduced not very long ago. is this really the way the majority wants to begin the new year? members of congress certainly can do without a pay adjustment. the bill passed by the...
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cliff that deals with this fiscal cliff. how irresponsible is that? what that means to americans and people all across the country is that instead of starting this year by people showing the courage to solve this problem, we will move this into next year, and what that means is the first quarter, the first six months of this next year, will be met with hand-to- hand combat as we deal with issues everyone knows has to be dealt with. what that really means to our citizens and citizens around the world is our economy is not going to be what it could have been. the quality of life for americans is not on to be what it should have been because we have not acted in a way that is proper, we are not carrying out the duties that we were hired to carry out. >> i am not even sure there is a question, but your proposal is over a 10-year period. yet a trillion-dollar increase in the debt ceiling will not even last a year. at best. >> right. >> do you know whatever you propose cuts to medicare that everybody gets out of this -- [indiscern
cliff that deals with this fiscal cliff. how irresponsible is that? what that means to americans and people all across the country is that instead of starting this year by people showing the courage to solve this problem, we will move this into next year, and what that means is the first quarter, the first six months of this next year, will be met with hand-to- hand combat as we deal with issues everyone knows has to be dealt with. what that really means to our citizens and citizens around the...
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degree of political risk long-term after the fiscal cliff deadline has passed. so, how will that affect the market on the economy in terms of spending cuts? >> well, my fear is that the compromise will be that we get the tax increases and they postpone the spending cuts and that's the ultimate objective. >> yes he. >> and you know, that is something that the economy will recover from and something will adjust to. remember, about half of the increased taxes on the average individual come from simply the roll off of that fica tax break we received the last two years, so, you know, the tax increases inasmuch as you think, but we push these things to crisis because the politicians, the lobbyists every chance to donate to their campaign and that's why everything is a crisis. three out of the last four years we've gone into the new year not knowing what the tax rates are, and i will be particularly disappointed if we get a 12-month patch and get to do it again the end of this year. >> well, you know, we have the spending cuts, we have the tax increases and we also hav
degree of political risk long-term after the fiscal cliff deadline has passed. so, how will that affect the market on the economy in terms of spending cuts? >> well, my fear is that the compromise will be that we get the tax increases and they postpone the spending cuts and that's the ultimate objective. >> yes he. >> and you know, that is something that the economy will recover from and something will adjust to. remember, about half of the increased taxes on the average...
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to avert the fiscal cliff is the senate, which returns tomorrow. majority leader harry reid is devising a partial solution that could ease economic fears. >> if we go over in a chaotic fashion, where members of congress are deeply grid locked with no sign of coming together, then we're likely to go over and stay over. and that's very problematic. >> reporter: going over the cliff would restore higher bush era tax rates and trigger deep spending cuts on january 1st. congress set up the harsh mechani mechanism, hoping it would force a compmise, but it hasn't. >> washington remains on square one in the fiscal cliff talks. >> reporter: congress reached this brink before christmas when speaker john boehner failed to get enough house republicans to support his solution, threw up his hands and said it's up to leader reid and the president. >> how we get there, god only knows. >> reporter: aides say reid's plan would avoid tax increases for people making less than $250,000, eliminate spending cuts and restore unemployment benefits. >> what needs to happen
to avert the fiscal cliff is the senate, which returns tomorrow. majority leader harry reid is devising a partial solution that could ease economic fears. >> if we go over in a chaotic fashion, where members of congress are deeply grid locked with no sign of coming together, then we're likely to go over and stay over. and that's very problematic. >> reporter: going over the cliff would restore higher bush era tax rates and trigger deep spending cuts on january 1st. congress set up...
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Dec 31, 2012
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the deadline to come up with a deal to avoid the fiscal cliff just hours away. what does it mean when lawmakers are already starting to point the finger of blame even before an agreement is reached? our panel weighs in on that. plus counting down to america's new year's celebration, coming up we'll go live to check out final preps underway for the annual rose parade in sunny southern california. ooh, doesn't that look nice. >> uh-huh. .so as you can see, gs customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me a latte will ya, please? uma: welcome back, everybody. right now parts of the world are already ringing in 2013. new zealand kicking the party off early this morning, firing off giant fireworks from the top
the deadline to come up with a deal to avoid the fiscal cliff just hours away. what does it mean when lawmakers are already starting to point the finger of blame even before an agreement is reached? our panel weighs in on that. plus counting down to america's new year's celebration, coming up we'll go live to check out final preps underway for the annual rose parade in sunny southern california. ooh, doesn't that look nice. >> uh-huh. .so as you can see, gs customer satisfaction is at...